Fallout from the Rena grounding off Tauranga's coast
has led the Otago Regional Council to nearly triple its
insurance cover for harbour incidents.
The regional council's insurance had been reviewed by a
broker for the 2014-15 year with a 2.7% decrease in its
premiums, mostly due to its staff's good record on the roads,
corporate services director Wayne Scott said.
While the council had sought more insurance cover for its
harbour master role and wreck removal cover, it was offset by
a decrease in the cost of premiums for vehicle and fidelity
cover, he said.
The council had increased its harbour master and wreck
insurance from $7.5 million to the maximum available of $20
million to cover for any ''Rena-type'' incidents.
Rena was a container ship which ran aground on the
Astrolabe Reef two and a-half years ago, spilling fuel, oil
and debris into the sea.
Given the type of harbour and shipping activity Otago had, he
believed the cover was adequate, Mr Scott told a committee